Tag: Economic Growth

 

Should Sovereign Wealth Funds Finance Domestic Investment?

Countries have traditionally invested their sovereign wealth in securities of major markets able to provide dependable returns and macroeconomic stability, but some are now investing more sovereign wealth domestically because of diminished returns in major markets and new investment opportunities at home. 

G-20 Brisbane Showing Cracks in Infrastructure Agenda

As we approach the G-20 Leaders Summit in Brisbane, it is worth giving credit to Australia for its robust presidency, and particularly the attention paid to the G-20’s development agenda. Sandwiched between the Russian and Turkish presidencies—countries considerably more controversial these days in the West—Australia faced the difficult task of generating sufficient goodwill among the membership within a year to make some progress on a sprawling work plan.

Is Your Impact Evaluation Asking Questions That Matter? A Four Part Smell Test

In 2006 I was in West Bengal with a World Bank team and was asking questions of a group of women about a “livelihoods” program that built and financed women’s self-help groups as a means of increasing women’s productivity and incomes.  After asking them questions for an hour or so I asked them if they had any questions for me or the team—after all, they had been so gracious to answer our nosey questions we would be rude to not allow them to ask us anything they wanted to know.  After an awkward silence, one woman said “You all are from countries

Six Development Proposals for the Next Republican-Led Congress

The results are in, and they are a doozy. The Senate flipping to Republican control turns attention to whether the new Congress will send common sense legislation for President Obama’s signature. Domestic policy issues like Obamacare or tax reform clearly will dominate Congress’ agenda, yet development and foreign policy champions will be assuming (or retaining) key leadership positions. Many have been thinking long and hard about ways to push America’s agenda abroad. Now’s their chance.

My Two Big Worries about the World Bank

For the first time in its seven-decade-long history, World Bank staff staged a work stoppage earlier this month. Staff are unhappy about the “Change Process,” aka the ongoing internal reorganization that President Kim initiated on his arrival at the bank now more than two years ago.

Secretary Lew in Cairo: More Jobs for Egyptians or More of the Same?

Treasury Secretary Lew was in Egypt today, meeting with Egyptian finance minister Hany Dimian and central bank governor Hisham Ramez to discuss, among other things, Egypt’s renewed focus on economic reform.  Pro-poor policies, support for small and medium enterprises, and meeting the demands of Egypt’s youth for political and economic freedom should be central to the Secretary’s message.

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